Mais usually buys small cattle, raises and fattens them for five to six months, then resells them at a profitable price in the local livestock bazaar. Milk and yoghurt he sells to the neighbors. Milk and meat sales bring 130 AZN income per month. Milk and yoghurt, as well as meat are very popular products in Azerbaijan. People use meat in such everyday national dishes as pilau and dolma and always use yoghurt sauce. Milk products are considered very healthy and also present in everyday life.
The above is the only financial income in his family and is not enough to cover basic needs of his beloved daughter. Mais applied for 1,500 AZN to purchase three cattle and one milk cow. He has already completed several loans and proven himself as a good client.
More information about this loan
This loan is designed for clients residing in settlements for Internally Displaced Persons (IDPs) in Bilasuvar, Azerbaijan. An internally displaced person (IDP) is someone who has been forced to flee his or her home due to armed conflict, violence, human rights violations, or natural or manmade disasters, but who, unlike a refugee, has not crossed an international border (source: UN Office for the Coordination of Humanitarian Affairs). Many of these people have failed to qualify for loans through formal channels due to low income and lack of collateral. By funding this loan, you are creating opportunities and supporting economic development in extremely underserved communities.
About AqroinvestAqroinvest Credit Union was founded by a group of 32 Imishli farmers in 2001, and has grown to become one of the largest credit unions in Azerbaijan. It boasts a portfolio of nearly $5 million and is wholly owned by its more than 3,500 borrowers, as of December 2011.
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